Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against BingX+0.139%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1701.697% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days−0.106%−$11 · spread now +0.139%, 7d avg +0.054%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.085% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02883	0.0100	pay 0.0050% / 4h	55m 29s	—	$1.3M	—
Short	Gate BIO_USDT	0.02887	0.0100	get 0.0100% / 8h	4h 55m	$1.5M	$288K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.054%: $8.48
Slippage, 4 orders: −$144.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$161.18
Costs to cover: 1.697%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 4 min ago	5.21 bp	17.0 bp −$17	45.0 bp −$450	574.5 bp −$57.4K	852.0 bp −$426.0K
Sell Gate live order book, 2 min ago	5.20 bp	62.8 bp −$63	doesn't fit	doesn't fit	doesn't fit

BIO on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BIOUSD	−0.1158%	1h	0.02889	+0.225%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0078%	4h	0.02885	+0.065%	$21K	$104K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0068%	4h	0.02882	−0.035%	$1.2M	$2.2M	20x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02886	+0.104%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02890	+0.250%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02886	+0.111%	$754K	$223K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02883	0.000%	$6.1M	$7.3M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02888	+0.173%	$2.2M	$2.6M	50x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02887	+0.139%	$1.5M	$288K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02883	0.000%	$406K	$132K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02891	+0.277%	$567K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02884	+0.035%	$1.3M	$544K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02883	long leg	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02889	+0.192%	$33K	$66K	—	as long as short
BloFin BIO-USDT	+0.0135%	4h	0.02878	−0.173%	$264K	$7K	50x	as long as short